BDIV vs DFAC

BDIVBAAM Brentview Dividend Growth ETF

DFACADimensional US Core Equity 2 ETF

In short

BDIV A boutique that does one thing, dividend growth, picks a few dozen US stocks and pays out monthly. Priced below the typical active US equity fund, it's a concentrated take on income plus appreciation rather than a broad dividend index.

DFAC Dimensional's whole-market workhorse: roughly 2,600 US stocks in one ticker, run by managers who weigh federal tax consequences before they trade, at a fee closer to index funds than to active ones.

Stated mandate

BDIV The Fund seeks current dividend income and long-term capital appreciation.

DFAC The fund seeks long-term capital appreciation while considering federal income-tax implications in its investment decisions.

Why people hold it

• BDIV Costs 0.49% a year, under the 0.65% that sits mid-pack among active US equity funds.sec.gov
• The prospectus targets roughly 30 to 40 companies, so every holding carries real weight instead of being spread thin across hundreds of names.sec.gov
• Pays monthly rather than quarterly, matching the rhythm of most household bills.
• Sub-advised by Brentview, a small shop built around dividend growth investing and nothing else, and the portfolio has tracked its stated income-and-appreciation mandate closely.brentviewim.com

• DFAC 0.17% a year for an actively run fund, well under the median fee among active US equity ETFs.
• About 2,600 US stocks under one ticker, so it holds the market broadly rather than a narrow slice of it.
• Federal income-tax implications sit inside the stated objective, not in a footnote, so they factor into what managers buy and sell.
• A multi-billion-dollar fund with a track record running back to 2007 and one of the strongest implementations in its peer group.

Worth knowing

• BDIV Assets are small and shares trade thinly, so spreads run wider and larger orders need more care than in a heavily traded fund.
• Launched in 2024, so there's no record spanning a full market cycle yet.
• A few dozen names concentrates both the hits and the misses, and sector tilts can run far from a broad index.sec.gov

• DFAC Actively managed, so there's no published index to check it against. Holdings and tilts shift at the managers' discretion.
• Dimensional's own DFAU runs a US core equity mandate for 0.12%, a slightly lighter fee for a similar shelf.
• All stocks, all US: the mandate is capital appreciation from equities, so it takes the market's full swings, and cash arrives quarterly.

Full BDIV profile⁠

Full DFAC profile⁠